Cryptocurrency company Ripple (XRP) is launching its CBDC platform, which helps central banks, governments and financial institutions issue their own cryptocurrencies.
Ripple issued a press release on May 18, central banks, governments And financial institutions own digital central bank currency (CBDC) And your stablecoin will assist in exporting CBDC platform will start explained.
According to the information given platform, institutions that use printing, redemption, distribution And burning operations will enable it to execute. In addition, institutions can use the platform. able to do offline transactions, wholesale or retail CBDCs will be able to issue.
The company’s in 2021 initiated of Ripple’s Private Ledger platform, which is an enhanced version of Hong Kong Monetary Authority initiated by e-HKD pilot using the program use case specified will be displayed.
Vice President of CBDCs, Ripple James Wallis In his statement on the subject, several central banks said that the platform in the test And in identifying problems themselves that they will help expressed their belief.
According to Coinecko data, after the news was announced $0.4448 from the levels close to 7% by increasing 0.4734 reaching the dollar level XRP, as of my writing $0.468 traded at the level.